The Quontic team was saddened to lose our founder, Steve Schnall, in August, 2022. His innovative, collaborative spirit lives on in every facet of what we do.
Steve Schnall founded NYC based Quontic Bank, the adaptive digital bank, in 2009 with a vision to transform traditional retail banking into customer-centric digital commerce.
Schnall was instrumental in the acceleration and growth of Quontic since its inception. He transformed the bank into a profitable, well-capitalized, philanthropic, digital financial institution which does business in all 50 states. One of Schnall’s greatest successes was earning Quontic the U.S. Treasury’s designation as a Community Development Financial Institution (CDFI) due to its focus on lending in low-income neighborhoods and to low-income individuals, gig economy workers, and small business owners. As a CDFI, Quontic’s mission is to embrace the diversity of circumstances that exists in its customers’ lives, while providing innovative, adaptive banking services to elevate their financial strength.
As a serial entrepreneur, Schnall had a passion for business startups and serving the communities in which they reside. He had a proven track record of founding several successful private and public companies across a variety of industries, including Quontic Bank, New York Mortgage Trust (a publicly traded mortgage REIT and national mortgage finance company), Fit Athletic Holdings (a California-based luxury health and fitness chain), Realmor Capital (a NYC-based real estate investment and development firm), and Restaurant.com (an early-stage dot-com).
Schnall was also a founding director of Urban Angels, a nonprofit organization that provides 100,000 meals to the homeless every year, and served on the board of The Arthur Project, a non-profit which redefines youth mentoring through an unprecedented type of intervention. He was an active member of Young Presidents Organization and YPO Big Apple Gold.
Schnall graduated from the University of Florida with a Bachelor’s Degree in Accounting. He is survived by his wife and two sons.